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20121119
20121119
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the fiscal cliff that is in front of us today. >> chris: president obama and speaker boehner sounding upbeat about prospects to cut a deal to avoid the fiscal cliff. after the panel and congressional leaders met at the white house, rhetoric was reassuring. the question is: is it real? do you get a sense, bob, this is the subject of your new book, that they do see or beginning to see a path to compromise or are they trying to reassure the nervous consumers before the christmas holidays? nervous investors because the stock market has gone down 1,000 points. >> symp nervous about this. the next six weeks could be the six weeks that shook the united states if they don't fix this. there is clearly a new move. the way they will this is hostage otherwise, republicans are determined not to let the tax rate goes up. the president is determined or is determined to get more revenue. and it's possible to do this. and the president is going along with some idea of entitlement reform that we are going to actually cut spending. this is really -- they are going to have to -- they are lagerhead on the tax is
skaur enough votes to implement an austerity budget so now he's back to help john boehner secure enough votes versus the president to press for an austerity budget, is that right? >> yeah, that's correct, martin. it's interesting, there's a lot of criticism saying paul ryan's vision for an american budget was routinely rejected flat out by voters a little more than a week ago. so why will he have such an impact in terms of the fiscal cliff negotiations? and the reason is that paul ryan, despite the presidential loss, continues to be the ideological godfather of the current republican budget -- >> but, luke, he just got ripped to shreds. he just got pulverized in the election. in fact, so many of his ideas, he had to go quiet on because they were so deficient and attacked during the presidential campaign. yet there you are now telling our audience he's back and republicans have him as their -- one of their main stakeholders. >> he's very much still an important player within the house republican conference. so much so that speaker boehner when it came to having a daily meeting about the
't be enough of those to block passage. speaker boehner will put a coalition together of moderate companies, even some conservative republicans along with democrats to get a deal that has some increased revenue probably in marginal rate increases, also some deduction closing loophole closing, probably corporate tax rates will change tick lei larly on carried interest. he will sell it to enough people through the house while not risk it to those who have races in 2014 who might get a primary. he won't get so many defections he won't get a deal across. we shouldn't jump to the conclusion because there are still hard-line conservatives no-tax increase republicans in the house that they dominate now, they don't dominate. >> ben white, interesting analysis. >>> just heard ben white thinks we're going to get a deal done but right now america's economy is still being held hostage. the fact that washington is on vacation -- not helping. eamon javers is live on capitol hill where congress isn't. eamon. >> that's right. look behind me. see if you see any members of congress. they're not here, they're
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